Slovakia: Consumer prices continue downward trajectory and record a flat reading in July
August 14, 2014
In July, the consumer price index fell 0.1% over the previous month, which contrasted June’s 0.1% increase. Prices in 7 of the 12 categories that make up the index rose in July. The reading reflects that a marginal increase in prices for recreation and culture as well as for alcoholic beverages and tobacco was offset by slightly lower prices for food and non-alcoholic beverages as well as for tobacco.
Consumer prices recorded a flat reading over the same month last year in July, which came in below the small 0.1% rise recorded in June. Meanwhile, the harmonized index of consumer prices inched further down from June’s 0.1% drop to a 0.2% decline in July. Annual average HICP inflation decreased from 0.4% in June to 0.3% in July, the lowest rate since June 2010.